A Structural Small Open-Economy Model for Canada
The authors develop a small open-economy dynamic stochastic general-equilibrium (DSGE) model in an attempt to understand the dynamic relationships in Canadian macroeconomic data.
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Modélisation « PAC » du secteur extérieur de l'économie américaine
In this paper, the authors use polynomial adjustment cost (PAC) models to analyze and forecast the main components of the U.S. trade sector. -
January 30, 2004
Annual Report 2003
At the Bank of Canada, we have worked hard over the past several years to define our goals and our methods for achieving them. We have continued to strengthen our monetary policy framework, and we have established priorities in all areas of our operations to help us meet our strategic objectives. In 2002, the Bank set out a medium-term plan for the period 2003–05. The plan’s clearly defined policy frameworks and priorities were critical in guiding our analysis and our decisions in 2003, a year in which Canadians across the country were affected by a number of severe and unanticipated events. -
January 28, 2004
The Bank of Canada Unveils New $100 Bank Note
The Bank of Canada today unveiled Canada's new $100 bank note, which will go into circulation beginning 17 March. The new note was unveiled in Halifax by the Honourable Robert Thibault, Member of Parliament for West Nova, Nova Scotia, David Dodge, Governor of the Bank of Canada, Marc Garneau, President of the Canadian Space Agency and former astronaut, and Daniel Gallivan, a member of the Board of Directors of the Bank of Canada. -
January 27, 2004
Debt-Management Strategy: Market Consultations on the Real Return Bond Program - Summary of Comments
In September and October 2003, officials from the Department of Finance and the Bank of Canada consulted with market participants on issues specific to the Real Return Bond (RRB) program. -
January 27, 2004
2003 Market Consultations on Real Return Bonds
The Government of Canada actively seeks input from participants on an ongoing basis on the performance of and potential adjustments to federal debt programs. -
January 23, 2004
Bank of Canada Review - Winter 2003-2004
Cover page
Brass Cash Register, 1910
The register is part of the National Currency Collection, Bank of Canada.
Photographed by Gord Carter, Ottawa.
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January 22, 2004
Monetary Policy Report Update – January 2004
Since the October Monetary Policy Report, three developments have led the Bank of Canada to modify its outlook for economic growth and inflation in Canada. -
January 22, 2004
Bank of Canada releases Monetary Policy Report Update
The Bank of Canada today released its Update to the October Monetary Policy Report. This report discusses economic and financial trends in the context of Canada's inflation-control strategy. -
January 22, 2004
Release of the Monetary Policy Report Update
Three developments have led us to modify our outlook for economic growth and inflation in Canada, since our October Monetary Policy Report. These include: stronger-than-expected world economic activity, the continued sharp depreciation of the U.S. dollar against major world currencies (including the Canadian dollar), and a somewhat larger output gap in Canada at the end of 2003.